Solved: The unit cost of producing a steak dinner at the smalltown, Basic Statistics

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The unit cost of producing a steak dinner at the smalltown

The unit cost of producing a steak dinner at the Smalltown Inn is $6. If a restaurant charges p dollars for a steak dinner, customers will demand 200 - 5p steak dinners per week. To maximize the profit earned on steak dinners, what price should the inn charge?

A. $20

B. $21

C. $22

D. $23

E. $25

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Basic Statistics: The unit cost of producing a steak dinner at the smalltown

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